Prepared by https://www.commercialmls.com
1806 16th Ave Seattle WA 98122
Listing #: 678208 | Status: Pending | Last Modified: 4/22/2024
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 95,115 |
Vacancy Factor % | 5.00% |
Operating Expenses | 35,535 |
Net Operating Income | 54,824 |
CAP Rate | 3.98 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Financial Summary | |
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CAP Rate | 3.977 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 3 |
# of Units | 5 |
Total Building SF | 3,325 SF |
Net Rentable Area | 3,327 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 4,966 SF |
Acres | 0.11 |
Year Built | 1906 |
Property Type | |
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Property Type | Multi-Family |
Location | |
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County | King |
Market Area | Capitol Hill/First Hill |
Tax ID # | 8080400180 |
Zoning | LR3 (M) |
SEE_NOTES
We are pleased to present the exclusive listing of this 5-unit apartment building in Capitol Hill. West facing towards Seven Hills Park across the street, the building features good natural light exposure and views from the top floor. Built in 1906, the unit mix consists of three studios, one 1-bedroom and one 2-bedroom. Units have received updates on turnover with most units receiving newer laminate floors and appliances. Additionally, the building received Milgard insulated window replacements in 2017. Off-street parking is available for at least 4 vehicles via alley access. Situated on a residential street, the building is steps from the charming cafes, restaurants and shops of the 15th Avenue retail corridor. Current rents are well below market and two units will be delivered vacant a
1806 16th Avenue
1806 16th Ave Seattle WA 98122
Listing #: 678208 | Status: Pending | Listing Date: 2/29/2024 | Last Modified: 4/22/2024 | Email Listing